Kochav Defense Acquisition Corp. Announces Pricing of $220,000,000 Initial Public Offering
Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) has announced the pricing of its initial public offering (IPO) of 22,000,000 units at $10.00 per unit, totaling $220 million. Each unit includes one Class A ordinary share and one right to receive one-seventh of a Class A ordinary share upon completing an initial business combination.
Trading begins May 28, 2025, on Nasdaq under "KCHVU". Once separate trading starts, shares and rights will trade as "KCHV" and "KCHVR". The company, led by CEO Menny Shalom and CFO Asaf Yarkoni, is a blank check company focusing on defense and aerospace industries. SPAC Advisory Partners LLC served as sole book-runner, with a 45-day option to purchase up to 3,300,000 additional units.
Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) ha annunciato il prezzo della sua offerta pubblica iniziale (IPO) di 22.000.000 di unità a 10,00 $ per unità, per un totale di 220 milioni di dollari. Ogni unità comprende un'azione ordinaria di Classe A e un diritto a ricevere un settimo di azione ordinaria di Classe A al completamento di una combinazione aziendale iniziale.
Il trading inizierà il 28 maggio 2025 sul Nasdaq con il simbolo "KCHVU". Quando inizierà il trading separato, azioni e diritti saranno negoziati rispettivamente come "KCHV" e "KCHVR". La società, guidata dal CEO Menny Shalom e dal CFO Asaf Yarkoni, è una blank check company focalizzata sui settori della difesa e dell'aerospazio. SPAC Advisory Partners LLC ha agito come unico book-runner, con un'opzione di 45 giorni per acquistare fino a 3.300.000 unità aggiuntive.
Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) ha anunciado el precio de su oferta pública inicial (IPO) de 22,000,000 de unidades a $10.00 por unidad, totalizando 220 millones de dólares. Cada unidad incluye una acción ordinaria Clase A y un derecho a recibir una séptima parte de una acción ordinaria Clase A tras completar una combinación empresarial inicial.
La negociación comienza el 28 de mayo de 2025 en Nasdaq bajo el símbolo "KCHVU". Una vez que comience la negociación separada, las acciones y los derechos se negociarán como "KCHV" y "KCHVR" respectivamente. La compañía, liderada por el CEO Menny Shalom y el CFO Asaf Yarkoni, es una empresa de cheque en blanco enfocada en las industrias de defensa y aeroespacial. SPAC Advisory Partners LLC actuó como único book-runner, con una opción de 45 días para comprar hasta 3,300,000 unidades adicionales.
Kochav Defense Acquisition Corp. (NASDAQ: KCHVU)는 2,200만 단위의 기업공개(IPO) 단가를 단위당 10.00달러로 책정해 총 2억 2천만 달러를 조달한다고 발표했습니다. 각 단위에는 클래스 A 보통주 1주와 초기 사업 결합 완료 시 클래스 A 보통주 1/7주를 받을 권리가 포함되어 있습니다.
거래는 2025년 5월 28일 나스닥에서 "KCHVU"로 시작됩니다. 별도 거래가 시작되면 주식과 권리는 각각 "KCHV"와 "KCHVR"로 거래됩니다. CEO 메니 샬롬과 CFO 아사프 야르코니가 이끄는 이 회사는 방위 및 항공우주 산업에 중점을 둔 스팩 회사입니다. SPAC Advisory Partners LLC가 단독 북런너로 활동했으며, 45일간 최대 330만 단위를 추가로 구매할 수 있는 옵션을 보유하고 있습니다.
Kochav Defense Acquisition Corp. (NASDAQ : KCHVU) a annoncé le prix de son offre publique initiale (IPO) de 22 000 000 d’unités à 10,00 $ par unité, totalisant 220 millions de dollars. Chaque unité comprend une action ordinaire de classe A et un droit de recevoir un septième d’action ordinaire de classe A lors de la réalisation d’une première fusion d’entreprise.
La cotation commencera le 28 mai 2025 sur le Nasdaq sous le symbole « KCHVU ». Une fois la négociation séparée lancée, les actions et les droits seront négociés sous les symboles « KCHV » et « KCHVR ». La société, dirigée par le PDG Menny Shalom et le directeur financier Asaf Yarkoni, est une société à chèque en blanc spécialisée dans les secteurs de la défense et de l’aérospatiale. SPAC Advisory Partners LLC a agi en tant que seul teneur de livre, avec une option de 45 jours pour acheter jusqu’à 3 300 000 unités supplémentaires.
Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) hat die Preisfestsetzung seines Initial Public Offering (IPO) von 22.000.000 Einheiten zu 10,00 USD pro Einheit bekannt gegeben, was insgesamt 220 Millionen USD entspricht. Jede Einheit umfasst eine Stammaktie der Klasse A und ein Recht auf den Erhalt eines Siebtels einer Stammaktie der Klasse A nach Abschluss einer ersten Unternehmenszusammenführung.
Der Handel beginnt am 28. Mai 2025 an der Nasdaq unter dem Kürzel „KCHVU“. Sobald der separate Handel startet, werden Aktien und Rechte unter den Symbolen „KCHV“ bzw. „KCHVR“ gehandelt. Das Unternehmen, geführt von CEO Menny Shalom und CFO Asaf Yarkoni, ist eine Blankoscheckgesellschaft mit Fokus auf die Verteidigungs- und Luftfahrtindustrie. SPAC Advisory Partners LLC fungierte als alleiniger Bookrunner mit einer 45-tägigen Option zum Kauf von bis zu 3.300.000 zusätzlichen Einheiten.
- Large IPO size of $220 million indicates strong initial capital base
- Strategic focus on defense and aerospace industries provides clear acquisition direction
- Experienced management team with industry expertise
- Additional 3,300,000 unit over-allotment option could increase total funding
- No specific acquisition target identified yet
- Investors face uncertainty until business combination is completed
- Potential dilution from 1/7 share rights upon business combination
- Limited time to complete business combination before potential liquidation
Insights
Kochav Defense Acquisition Corp. launches $220M SPAC IPO targeting defense/aerospace sectors with standard $10 unit pricing and 1/7 share rights structure.
Kochav Defense Acquisition Corp. has priced its IPO at
The SPAC's structure follows the typical blueprint with each unit comprising one Class A ordinary share plus one right to receive one-seventh of a Class A share upon completing an acquisition. This 1/7 right structure is somewhat distinctive compared to the more common warrant configurations seen in many SPACs.
The management team brings relevant expertise, led by CEO Menny Shalom, CFO Asaf Yarkoni, and including independent directors with likely industry connections. SPAC Advisory Partners LLC (Kingswood Capital Partners division) is serving as the sole book-runner.
The company has granted underwriters a 45-day option for an additional 3.3 million units to cover potential over-allotments, which could increase the total raise by up to
This offering represents yet another entry in the SPAC market focused on the defense sector, which continues to attract capital despite the overall cooling in SPAC enthusiasm compared to the 2020-2021 boom period. Investors should note that as with all SPACs, value will ultimately depend on the quality of acquisition target and terms negotiated.
New York, NY, May 27, 2025 (GLOBE NEWSWIRE) -- Kochav Defense Acquisition Corp. (NASDAQ: KCHVU) (the “Company”) today announced the pricing of its initial public offering of 22,000,000 units at a price of
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographical location, it intends to focus on the defense and aerospace industries. The Company’s management team is led by Menny Shalom, its Chief Executive Officer and a director, and Asaf Yarkoni, its Chief Financial Officer. Doron Dovrat, Yair Ramati and Gill Zaphrir are independent directors.
SPAC Advisory Partners LLC, a division of Kingswood Capital Partners, LLC, acted as the sole book-running manager for the offering. Ellenoff Grossman & Schole LLP, and Appleby (Cayman) Ltd., served as legal counsel to the Company, and Loeb & Loeb LLP served as legal counsel to the underwriters. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on May 27, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@kingswoodUS.com. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact Information:
Kochav Defense Acquisition Corp.
Menny Shalom
ms@kochav.co
FAQ
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